Engineering A System
Engineering a system engineering a system. I'm Jon Stewart. I'm Crystal Spear and we are Bugay Investments.
And we are here to talk about engineering a system.
So we want to talk about some of the systems that we use on a day-to-day basis in our business. It's going to be anything that will help you automate your life and your your business process more smoothly. What are some of the little things we do we are a small small business and we are growing but we still do have some systems in place. We use Stessa Real Estate Management to automate our
It Imports all the expenses and the Chargers and the ink comes and helps track what we spend and what we makes Tessa is really nice. It does automate all of our accounting and the tracking of our incomes and our expenses. It will even out output a nice neat little tax package. We still use an accountant to Oat to look it over but it does help us with the profit and loss the balance sheet.
Another thing that we do as a couple and business partners, we have linked calendars on our iOS phones. We have an email that we share that is linked to both of our phones. So anytime any business email any business email comes in we can both see it both respond to it. Same thing with the calendar if either one of us makes an appointment in the calendar, we both see it we both know it's there.
Get alerted. We also leverage each other's strong points and our skills. So I am really good at handwritten letters because his handwriting is just terrible and I put John's name and his number on it because I don't like talking to people on the phone, especially to ask them if they want to sell their house. So I have no problem with it. If they call they call him and he gets to talk to them and sometimes get some of their rude.
Responses, but that works out really well and also much more comfortable and have more experience underwriting properties and looking at what would make sense for a deal to offer price wise in the same category. Crystal is really really talented at looking up rental comps and still sold comps to help us price home.
And things to make an offer we're always working on better systems to improve the efficiency of our business. You can't do everything yourself. There aren't enough hours in a day. You do need to develop systems and strategies to take over parts of the business and it's probably the hardest part about starting your business. Yeah honesty, and we're still trying to figure it out ourselves. We're still figuring it out.
Out every day what will work for us? What won't work for us? I'm honestly a very disorganized person just not my strong suit. I don't have neat handwriting and I'm not good at writing things down part of what works for me is putting minders in my phone to write things down or to do things when it needs to get done details and organization is not my strong suit and
Actually have to come up with something specific to address the fact that I'm lacking. Yeah, so you really have to find somebody or create your own system to be able to effectively work and get stuff done because if you don't then you're just going to be wandering around throughout the day scatterbrained and not feel like you got anything done because you're driving around town to go pick up.
Paint or you know, I have a meeting with an investor went going to pick up paint. You could have had somebody else go and do that and save yourself a lot of time and you could have focused on getting ready for that meeting. Like he said he is not very organized and which is why he has me not the only reason but you know, it's really nice to have some has the opposite strong suits of you because then you guys can help each other out one of the hardest things that
I think is at least for me is giving up control of something. It's knowing that okay, you know what? I can't do this at this time. I have to have you do it and then just making sure that they can do it and if they can do it then you just need to let them do it because they already have a system in place. I am Jon Stewart. I'm Crystal Spear and we are beginning best friends.
1/3/2023 02:07:44 pm
Greatt post thank you
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John is the owner of Bugay Investments Group. He loves Real Estate Investing and wants to share his thoughts and knowledge with you!